Thursday, 24 September 2015

Closing Brief

US equity indexes closed weak, sp -6pts @ 1932 (intra range 1908/37). The two leaders - Trans/R2K, settled lower by  -1.0% and -0.2% respectively. Near term outlook is for continued equity downside.. to test the 1900 threshold... and break through to 1820 by next Thurs/Friday.




*closing hour: pretty wild action as the market tried to break a new high.. but was firmly stuck at 1937.

..and another day at the worlds most twisted and stomach churning casino comes to a close.

All things considered, a day for the bears... with a lower low of sp'1908.. and VIX having broken to the 25s.

*I hold VIX-long and SPY-short overnight... but having dropped AAPL/INTC- both short this morning, I am only half short what I was.

more later on the VIX